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The Department of Public Enterprises proposed linking salary increases to performance metrics such as asset monetization, project timelines, and profitability
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As per reports, the government is considering increasing the tax exemption limit to Rs 25,000.
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This union budget, there is a demand to reduce the tax burden and rather give more tax exemptions to those who take health insurance.
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If the NDA government increases the limit of the standard deduction in Union Budget 2024, it will increase the disposable income of salaried individuals, leading to an increase in spending. Increased spending will accelerate economic activities.
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The government is considering measures exceeding ₹50,000 crore in the upcoming budget to boost spending. This includes cuts in tax rates for low-income earners.
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To boost consumption, income tax rates could be reduced. The aim is to benefit lower income groups, whether salaried individuals or small business owners.
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The scope of the Ayushman Bharat scheme has been expanded in the interim budget, including for ASHA, Anganwadi workers, and helpers.
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These initiatives have the potential to generate positive impacts on the real estate industry, fostering growth and creating better opportunities in the medium and long term
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